UBS Asset Management Americas Inc. increased its stake in shares of Owens & Minor Inc. (NYSE:OMI) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 59,115 shares of the company’s stock after buying an additional 1,441 shares during the period. UBS Asset Management Americas Inc. owned about 0.09% of Owens & Minor worth $2,209,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of OMI. Norges Bank bought a new stake in Owens & Minor during the fourth quarter valued at $34,271,000. Aperio Group LLC increased its stake in Owens & Minor by 18.5% in the first quarter. Aperio Group LLC now owns 51,804 shares of the company’s stock valued at $2,094,000 after buying an additional 8,099 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Owens & Minor during the first quarter valued at $208,000. Prudential Financial Inc. increased its stake in Owens & Minor by 13.1% in the first quarter. Prudential Financial Inc. now owns 60,386 shares of the company’s stock valued at $2,441,000 after buying an additional 7,011 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Owens & Minor by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,286 shares of the company’s stock valued at $75,233,000 after buying an additional 26,687 shares during the period. Hedge funds and other institutional investors own 96.91% of the company’s stock.
Shares of Owens & Minor Inc. (NYSE:OMI) traded up 0.06% during trading on Friday, hitting $33.83. 360,101 shares of the company were exchanged. The stock has a market cap of $2.11 billion, a P/E ratio of 18.89 and a beta of 0.88. The company’s 50-day moving average price is $34.06 and its 200 day moving average price is $36.39. Owens & Minor Inc. has a 12 month low of $32.47 and a 12 month high of $41.48.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Owens & Minor Inc. will post $0.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, September 13th. Owens & Minor’s payout ratio is 56.67%.
OMI has been the subject of several research reports. Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Bank of America Corp. assumed coverage on shares of Owens & Minor in a research note on Monday, September 12th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.60.
In other Owens & Minor news, SVP Erika T. Davis sold 2,900 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the transaction, the senior vice president now owns 61,867 shares of the company’s stock, valued at $2,122,656.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig R. Smith sold 7,500 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $35.42, for a total transaction of $265,650.00. Following the transaction, the director now directly owns 104,482 shares in the company, valued at approximately $3,700,752.44. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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